This research analyzes the evolution of the Global Competitiveness Index (GCI) to the economy of Puerto Rico, in the period 2009-2014. The index assigns a score to the participating countries in terms of competitiveness, and is published annually by the World Economic Forum. The study results indicate that Puerto Rico has won 10 stages in the competitiveness ranking, from position 42 in 2009 to position 32 in 2014, while the Global Competitiveness Index has risen from 4.5 in 2009 to a value of 4.6 in 2014. The bureaucratic inefficiency and restrictive government regulations for employment are the factors that constitute the greatest obstacle to doing business on the island, and its weight has not changed significantly since 2009, when it totaled 42.8% compared to 2014 (41.2%). The GCI is a valid reference for the establishment of public policies, investment initiatives and implementing strategies for increasing productivity, aimed at generating prosperity on the island.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.